Am I overpaying for Hosting?

Currently, I am paying $350/month for managed hosting of 50 websites. I’ve heard a VPS would be cheaper and I was on 1 server before, however, I moved to managed last year because of a cross-site scripting attack that took down all 50 websites because 1 was compromised. Is it worth paying more to avoid a potential attack like this again? Or are there other ways to avoid this type of attack on a VPS?

Thanks



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